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Global Gum Confectionery Market: Strong CAGR Expected; Identify Key Drivers and Market Trends
Gum Confectionery Market
What Is The Projected Market Size Of The Global Gum Confectionery Market And Its Growth Rate?
The gum confectionery market has witnessed significant growth in recent years:
• Growth from $33.78 billion in 2024 to $35.81 billion in 2025 with a CAGR of 6.0%.
• Growth primarily attributed to flavor innovation, marketing strategies, packaging innovations, brand loyalty, and sugar-free and functional varieties.
• The market is expected to expand to $45.87 billion in 2029 at a CAGR of 6.4%.
• Future growth will likely be driven by health-conscious consumers, sensory experiences, globalization and cultural fusion, sustainable practices, and innovations in ingredients.
What Is Driving The Growth In The Gum Confectionery Market?
The growing sales of chewing gum are driving the growth in the gum confectionery market. Chewing gum, a sweetened and flavored preparation intended for chewing without swallowing, is made from resilient substances like chicle. As chewing gums comprise the base of gum confectionery, an increase in chewing gum sales leads to increased demand for gum confectioneries. For instance, in March 2022, a report by the National Confectioners Association revealed that the sale of candies, gums, and mints increased by 13.8% in 2022 to $3.2 billion. Thus, the rising sales of chewing gum are expected to foster growth in the gum confectionery market.
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Who Are the Key Players Driving Gum Confectionery Market Growth?
The following companies are playing a significant role in the growth of the gum confectionery market:
• Perfetti Van Melle Pvt. Ltd.
• Mars Incorporated
• Lotte Confectionery Co. Ltd.
• Mondelez International Inc.
• Grenades Gum LLC
• Cloetta AB
• The Hershey Company
• Ferrero International S A
• Gumlink Confectionery Company A S
• Haribo GmbH & Co KG
• FERNDALE CONFECTIONERY PTY. LTD.
• Tootsie Roll Industries Inc.
• Meiji Holdings Co. Ltd.
• Grupo Arcor
• Zed Candy B.V.
• Yildiz Holding A.S.
• Chupa Chups SA
• Peppersmith
• The PUR Company Inc.
• Project 7
• Simply Gum
• Extra Gum
• Wrigley Company
• Big League Chew
• Mentos
• Trolli GmbH
• Skittles
• Xylichew.
What Are The Key Trends In The Gum Confectionery Market?
Key trends in the gum confectionery market include:
• Functional and health-boosting ingredients
• Sugar reduction and natural sweeteners
• Novelty and exotic flavors
• Interactive and engaging packaging
• Eco-friendly packaging and sustainability.
What Are The Segments Of The Global Gum Confectionery Market?
The gum confectionery market is segmented by:
• Type: Sugared Gum, Sugar-Free Gum
• Form: Sticks Or Tabs, Pellets Or Pillows, Liquid Filled Gum, Other Forms
• Distribution Channel: Super market Or Hyper market, Specialty Stores, E-Commerce, Other Distribution Channels.
Which Region Leads The Gum Confectionery Market?
In 2024, Asia-Pacific emerged as the largest region in the gum confectionary market. The regions profiled in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Gum Confectionery Market Global Market Report?
- Market Size Analysis: Analyze the Gum Confectionery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gum Confectionery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gum Confectionery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gum Confectionery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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